b. Further, of the above
Euro Equity issue represented by Global Depository Receipts (GDR) evidencing Global Depository Shares issued in earlier years has been disbanded during the year 2016-17, hence there are no outstanding GDRs at the close of the year.
c. Terms/rights/restrictions attached to equity shares
The Company has only one class of equity shares having a par value of H 5 per share. Each holder of equity shares is entitled to one vote per share. The interim dividend declared by the Board of Directors and the dividend proposed by the Board of Directors and approved by the shareholders in the annual general meeting is paid in Indian rupees. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
* On the basis of information requested from vendors with regards to their registration (filing of Memorandum) under ''''The Micro, Small and Medium Enterprises Development Act, 2006. (27 of 2006)'''' and in view of the terms of payments not exceeding 45 days, which has been promptly paid, no liability exists at the close of the year and hence no disclosures have been made in this regard.
Notes to Investments
1 Quoted investments for which quotations are not available, if any, have been included in market value at the face value/paid-up value, whichever is lower, except in case of Debentures and Bonds, where the Net Present Value at current yield to maturity have been considered. Mutual funds (open ended) though not listed are quoted on National Stock Exchange (NSE) at transact able NAVs with fund houses through the exchange and hence categorized as quoted.
2 Investments made by the Company other than those with a maturity of less than one year, are intended to be held for long-term, hence diminutions in the value of quoted investments are considered to be of a temporary nature. No provision has been determined during the year ended 31 March 2017.
3 Refer note 2 clause 5 for accounting policy and valuation principles for investments.
4 Segment information
Segment information based on consolidated financial statements is given in note 33 to consolidated financial statements.
The Company has disclosed the business segments as primary reporting segment on the basis that risks and returns are primarily determined by the nature of products and services. Consequently, geographical segment has been considered as a secondary segment.
The business segments have been identified on the basis of the nature of products and services, the risks and returns and internal performance reporting systems.
The business segments comprise the following:
iii. Retail financing
iv. Investments and others
5 From 2015-16, the Company has been classified as a ''''Core Investment Company'''' (CIC) and hence is no more registered with RBI under section 45-IA of the Reserve Bank of India Act, 1934. Consequently, the requirement of creating a Reserve fund in terms of section 45-IC(1) of the Reserve Bank of India Act, 1934 and other prudential norms for Non Banking Finance Companies are not applicable to the Company.
6 The consolidated financial statements of the Company along with its subsidiaries and joint venture are attached to these standalone financial statements. The details of the group regarding the nature of relationship and the basis of consolidation can be referred to in note 1 to the said consolidated financial statements.
7 Previous year figures
Previous year figures have been regrouped wherever necessary to make them comparable with those of the current year.
a. RS, 1 crore is equal to H 10 million.
b. Amounts less than H 50,000 have been shown at actual against respective line items statutorily required to be disclosed.